Nigeria hires Microsoft, Oracle to recover from recession

Nigeria is hiring U.S. technology giants such as Oracle Corp. and Microsoft Corp. as the government invests more to save costs and fight corruption. According to Bloomberg, an initiative led by Redwood, California-based Oracle has enabled Nigerian authorities to remove 50,000 so-called ghost workers, or fake entries, from the payroll, according to a presidency statement […]

Banking stocks in free-fall as bears rule to close Nigeria bourse 1.1% negative

The negative trend in the Nigerian equities market continued Tuesday, recording a third consecutive trading loss as benchmark index fell 1.1 percent to close at 32,410.20 points.  Year-to-date (YTD) gain further moderated to 20.6 percent. The poor performance was majorly due to price decline in NIGERIAN BREWERIES (-1.9 percent) as well as banking counters – […]

Global focused financial newspaper, Business a.m., sees digital edition record high Alexa rankings against FT, WSJ      

Nigeria’s new global focused financial newspaper, Business a.m., has seen its digital online edition, businessamlive.com, post impressive comparative indices on renowned world website ranking portal Alexa, less than 50 days after it began publishing in the second week of May, 2017.   Comparative data from Alexa, obtained Tuesday, show that against two world renowned business […]

Oil prices dip as rally runs out of steam with investors booking profits

*Analyst see prices averaging $54 in H2… Oil prices were lower on Tuesday as market players took profit after eight straight days of gains, its longest winning streak since February 2012. Crude prices received support from data last week that U.S. production may be moderating, but concerns over the global supply glut remain in the […]